Can I retire at age 45 with 924,000?

Use the below retirement simulation to view the chances of a successful retirement.
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $924,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$76,303$75,623$74,960$74,313$73,681$72,640
2 years$37,774$37,070$36,388$35,727$35,086$34,039
3 years$24,932$24,226$23,546$22,891$22,260$21,240
4 years$18,513$17,809$17,135$16,492$15,876$14,891
5 years$14,662$13,962$13,298$12,667$12,069$11,121
6 years$12,096$11,401$10,747$10,130$9,550$8,640
7 years$10,264$9,575$8,930$8,328$7,766$6,896
8 years$8,890$8,207$7,574$6,987$6,443$5,611
9 years$7,822$7,146$6,523$5,951$5,426$4,633
10 years$6,968$6,299$5,687$5,130$4,623$3,868
11 years$6,270$5,607$5,007$4,464$3,976$3,258
12 years$5,689$5,033$4,443$3,916$3,446$2,763
13 years$5,198$4,548$3,970$3,457$3,005$2,358
14 years$4,777$4,134$3,567$3,069$2,634$2,021
15 years$4,412$3,777$3,221$2,737$2,319$1,740
16 years$4,094$3,465$2,920$2,451$2,050$1,502
17 years$3,813$3,191$2,657$2,202$1,817$1,301
18 years$3,564$2,949$2,425$1,984$1,616$1,130
19 years$3,341$2,733$2,220$1,793$1,440$983
20 years$3,140$2,540$2,038$1,624$1,286$856
21 years$2,959$2,366$1,874$1,474$1,151$747
22 years$2,795$2,208$1,728$1,340$1,032$653
23 years$2,645$2,065$1,595$1,220$926$571
24 years$2,508$1,935$1,475$1,113$833$500
25 years$2,382$1,816$1,366$1,017$749$439
26 years$2,266$1,707$1,267$929$675$385
27 years$2,159$1,606$1,177$851$608$338
28 years$2,059$1,513$1,094$779$549$297
29 years$1,967$1,428$1,018$715$496$261
30 years$1,881$1,348$948$656$448$229
31 years$1,800$1,275$884$602$405$201
32 years$1,725$1,206$825$554$366$177
33 years$1,655$1,142$770$509$332$156
34 years$1,589$1,083$720$468$300$137
35 years$1,526$1,027$673$431$272$121
36 years$1,468$975$629$397$246$106
37 years$1,412$926$589$366$223$94
38 years$1,360$880$552$337$202$83
39 years$1,310$836$517$311$184$73
40 years$1,263$796$484$287$166$64
41 years$1,219$758$454$265$151$56
42 years$1,176$721$426$244$137$50
43 years$1,136$687$400$225$124$44
44 years$1,098$655$375$208$113$39
45 years$1,061$625$352$192$102$34
46 years$1,027$596$331$178$93$30
47 years$993$569$311$164$84$26
48 years$962$543$292$152$77$23
49 years$931$519$275$140$70$21
50 years$902$495$258$130$63$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $924,000, adding $5,082 every year, while hoping to spend $36,016 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 44/44/12 Blend
44$924,000$924,000$924,000$924,000
45$1,023,490$974,518$960,196$1,064,783
46$1,089,565$983,949$954,042$1,103,480
47$1,161,173$992,634$946,474$1,141,357
48$1,238,840$1,000,500$937,408$1,181,610
49$1,323,144$1,007,468$926,754$1,224,472
50$1,414,723$1,013,451$914,418$1,270,202
51$1,514,276$1,018,362$900,303$1,319,086
52$1,622,574$1,022,103$884,305$1,371,439
53$1,740,464$1,024,574$866,317$1,427,614
54$1,868,879$1,025,666$846,226$1,487,998
55$2,008,846$1,025,265$823,916$1,553,022
56$2,161,493$1,023,248$799,262$1,623,162
57$2,328,065$1,019,486$772,137$1,698,944
58$2,509,929$1,013,843$742,404$1,780,954
59$2,708,591$1,006,171$709,925$1,869,836
60$2,925,711$996,317$674,551$1,966,305
61$3,163,114$984,116$636,128$2,071,151
62$3,422,809$969,396$594,496$2,185,250
63$3,707,011$951,971$549,487$2,309,569
64$4,018,156$931,648$500,925$2,445,178
65$4,358,928$908,219$448,626$2,593,261
66$4,732,283$881,466$392,400$2,755,125
67$5,141,476$851,158$332,045$2,932,218
68$5,590,091$817,049$267,353$3,126,140
69$6,082,077$778,881$198,106$3,338,657
70$6,621,782$736,379$124,076$3,571,725
71$7,213,996$689,254$45,024$3,827,501
72$7,863,995$637,199$0$4,108,373
73$8,577,590$579,889$0$4,422,013
74$9,361,182$516,982$0$4,772,777
75$10,221,825$448,116$0$5,158,146
76$11,167,286$372,908$0$5,581,709
77$12,206,123$290,955$0$6,047,430
78$13,347,765$201,829$0$6,559,683
79$14,602,597$105,079$0$7,123,296
80$15,982,063$229$0$7,743,597
81$17,498,770$0$0$8,426,467
82$19,166,606$0$0$9,233,216
83$21,000,876$0$0$10,120,717
84$23,018,438$0$0$11,097,034
85$25,237,868$0$0$12,171,170
86$27,679,635$0$0$13,353,050
87$30,366,288$0$0$14,653,604
88$33,322,674$0$0$16,084,879
89$36,576,171$0$0$17,660,147
90$40,156,945$0$0$19,394,033
91$44,098,232$0$0$21,302,651
92$48,436,657$0$0$23,403,756
93$53,212,574$0$0$25,716,913
94$58,470,449$0$0$28,263,680
95$64,259,278$0$0$31,067,812
96$70,633,050$0$0$34,155,485
97$77,651,256$0$0$37,555,541
98$85,379,449$0$0$41,299,763
99$93,889,862$0$0$45,423,172
100$103,262,090$0$0$49,964,361